2, RIDGEVALE LANE, GULVAL, PENZANCE, TR18 3RD - £435,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

2 RIDGEVALE LANE is a very large extended detached house of 209m², built sometime between 1983 and 1990, which could now be worth an estimated £540,267. It was last sold for £435,000 in October 2019, which was around 25% above the average October 2019 detached price in the Cornwall local authority area. The most recent EPC inspection was December 2017, where the current energy rating was D, and the potential energy rating was D.

2 RIDGEVALE LANE Sold Prices

Land registry data shows three sales for 2 RIDGEVALE LANE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Cornwall local authority area for the corresponding sale date. All of the three 2 RIDGEVALE LANE sales were for above the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2019 25 OCT	£435,000	£347,718	25% above HPI
2007 6 MAR	£315,000	£288,836	9% above HPI
2002 19 JUL	£230,000	£167,868	37% above HPI

2 RIDGEVALE LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Cornwall local authority area over time, sourced from the HPI. The three 2 RIDGEVALE LANE sales between July 2002 and October 2019 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the March 2007 sale was for 9% above the HPI. So the extrapolation line tracks at 9% above the HPI over time, until the October 2019 sale, where it rises to 25% above the HPI. The line then continues to track at 25% above the HPI.

What might 2 RIDGEVALE LANE be worth now?

2 RIDGEVALE LANE might now be worth an estimated £540,267.

This is based on house price inflation of 24.2%, between October 2019 and July 2025, for detached houses, in the Cornwall local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 24.2% inflationary increase is applied to the most recent sale price for 2 RIDGEVALE LANE of £435,000 on 25th October 2019. For the value to have increased from £435,000 to £540,267 over the six years and three months to July 2025, the following assumptions must hold true:

• The value of 2 RIDGEVALE LANE has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The October 2019 sale price of £435,000 represented a fair market value for the property.
• The size, condition, and specification of 2 RIDGEVALE LANE has not materially changed since October 2019.

How Large is 2 RIDGEVALE LANE?

2 RIDGEVALE LANE is 209m², which includes two extensions, according to the EPC inspection conducted in December 2017. This puts it in the largest 20% of detached houses houses in Trevarrack, based on EPC data. The below chart shows the distribution of detached houses houses by size in Trevarrack, and where 2 RIDGEVALE LANE lies on this distribution: 88% of detached houses houses are smaller than 2 RIDGEVALE LANE, and 12% of houses are larger. Note that EPC data is not available for all properties in Trevarrack.

2 RIDGEVALE LANE: Plot and Title Map

2 RIDGEVALE LANE sits on a plot of roughly 0.239 of an acre, or 968m². The below map shows the location of 2 RIDGEVALE LANE, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 2 RIDGEVALE LANE). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 2 RIDGEVALE LANE?

2 RIDGEVALE LANE is located in GULVAL, in the TR18 postcode district. The below map shows the position of No. 2 on RIDGEVALE LANE.